He was a good boy. Roy was a good boy. He must have gone to Heaven. But I know nothing about Heaven. It is very far off. In my best Columbia jackets and happiest days, I never liked to think of it If I were to go there, it could do me no good, for I should not see Roy. Or if by chance I should see him standing up among the grand, white angels, he would not be the old dear Roy. I should grow so tired of sing¬ing 1 Should long and fret for one little talk, — for I never sai...

Wall Street has always been a large scale Casino, dwarfing Las Vegas. Once these thugs lose sight of trading and lending on the quality of collateral assets, and legitimate good will, the wheel never stops. As a matter of fact, everything in life is at risk, but that doesn't stop us from striving for low level risk.

SAN FRANCISCO (Reuters) – California's government risks a financial "meltdown" within 50 days in light of its weakening May revenues unless Governor Arnold Schwarzenegger and lawmakers quickly plug a $24.3 billion budget gap, the state's controller said on Wednesday.

Underscoring the severity of California's cash crisis, Controller John Chiang, who has previously warned the state's government risks running out of cas...

For a small island, we Brits are awfully creative. We’ve also given the world some hugely influential artists, especially when it comes to popular music. We’ve come up with 10 British bands that, quite simply, changed music the world over. So, in no particular order, here they are… Arguably the greatest rock band ever to have graced the planet, there is something undoubtedly special even today about the incredible...

By James R. Healey, Sharon Silke Carty and Chris Woodyard, USA TODAY Colleen McDonald calls Chrysler "the devil" as she laments losing two Chrysler auto dealership franchises in suburban Detroit, two weeks after being notified by General Motors (GM) that her Chevrolet store is being terminated. Livonia Chrysler Jeep and Century Dodge in Taylor are closing Tuesday, victims of Chrysler's Chapter 11 bankruptcy reorganization that allowed the automaker to get rid of 789 dealership contracts in one...

The other day I was playing Warhammer Online, and some members of my guild and I were discussing the issue of Chinese Fund buying a large portion of Morgan Stanley. After some talking the issue of outsourcing came up, and everyone seemed to be strongly against it. One person commented as to how terrible it is that Americans are losing their jobs overseas, and someone else commented as to how it hurts our economy that money is moving overseas and how we are unable to tax those oversea...

Nuclear fusion is our best bet for perfect energy. It is not only green and renewable, but it's safe. It's danger levels are low, its payouts are huge, and it's fuel supply is almost limitless. It's the only energy that nobody loses from!

Granted, we don't have the tech or supplies to have wide-scale fusion yet, but it should be put in the place of fission, starting today.

One of the big news items the last couple of days has been about a butter shortage in Japan. It seems like a really trivial story. I mean, really. Not enough butter to go around? But the cost of butter is not only on the rise in Japan, there is often a shortage of stock. Want to buy some butter? You're lucky if the store still has some and some stores limit what they have to one per customer. But what separates this story from the silly section are three ...

If by 2050 the Chinese and European economies are indeed larger than America’s, then this is no need for concern. The United States (US) has been the recipient of decades of economic supremacy, as it escaped World War II (WWII) with its economy largely intact. This was in opposition to Europe, whose land saw lots of fighting -- the economies of the nations of Europe suffered for it. Half of Europe was under the yoke of Communism. The destruction of Western Europe’s infrastructure took decade...

Over at a fringe left-wing site, a discussion on economics recently came up. It was very interesting to see some of the viewpoints on how wealth is created and used and so forth.

Here are some of the highlights:

Income has nothing to do with it really. Income is only a derivative, the real culprit is WEALTH. Income comes in two ways, (1) from work i.e., being paid for your labor or (2) from WEALTH applied over time, whether you call it rent, interest, capital gains, property appreciation, ...

It's incredible that there are doomsayers in the world and in the ranks of JoeUser. Because according to US Treasury Secretary Hank Paulson, "This is far and away the strongest global economy I've seen in my business lifetime." The global economy is humming along with unprecedented speed and power. The BRIC nations (Brazil, Russia, India, and China) are financially healthy and strong -- global companies like GE and Microsoft expect international growth to outpace domestic by almost 2 to 1: 12...